Mixed Use
A freehold end of terrace mixed use investment opportunity located in Halfway, Sheffield.
The ground floor commercial unit is finished externally to a high standard and is currently undergoing renovations by the tenant who will be operating as a hot food take away. The tenant holds the commercial unit on a 5-year lease Commencing August 2022 with current rent passing of £6000 per annum.
The property also benefits from a separate residential property located above and accessed via separate entrance. The current tenant has been in occupation for 8 years and pays £400 per calendar month.
We advise interested parties to inspect the legal pack for more information.
The property poses a low-risk hands off investment in a prime location along Station Road. The general location comprises mainly residential housing stock and easy access to the M1 Motorway. There is parking to the rear for approximately 8 vehicles.
Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
Freehold. Subject to tenancy.
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee (England and Wales).
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms.
Auction Deposit and Fees
The following deposits and non- refundable auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1074 inc. VAT
The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack.
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
